Diodes (DIOD) Upgraded to “Hold” by BidaskClub
BidaskClub upgraded shares of Diodes (NASDAQ:DIOD) from a sell rating to a hold rating in a report released on Tuesday morning.
Several other brokerages also recently weighed in on DIOD. Benchmark downgraded shares of Diodes from a buy rating to a hold rating in a research report on Monday, October 30th. Robert W. Baird reiterated a buy rating and issued a $37.00 price target on shares of Diodes in a research report on Tuesday, October 17th. Zacks Investment Research upgraded shares of Diodes from a hold rating to a strong-buy rating and set a $38.00 price target for the company in a research report on Tuesday, October 17th. ValuEngine downgraded shares of Diodes from a buy rating to a hold rating in a research report on Wednesday, November 15th. Finally, Sidoti started coverage on shares of Diodes in a research report on Thursday, September 21st. They issued a neutral rating and a $32.00 price target for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. Diodes has a consensus rating of Hold and a consensus price target of $37.00.
Shares of Diodes (NASDAQ DIOD) opened at $29.61 on Tuesday. The firm has a market cap of $1,446.64, a P/E ratio of 26.63 and a beta of 1.15. The company has a current ratio of 3.12, a quick ratio of 2.18 and a debt-to-equity ratio of 0.34. Diodes has a 12-month low of $22.06 and a 12-month high of $35.36.
In other Diodes news, Director C H. Chen sold 30,000 shares of the company’s stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $29.25, for a total transaction of $877,500.00. Following the completion of the transaction, the director now owns 479,979 shares in the company, valued at approximately $14,039,385.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Shiao Kwang Edmund Tang sold 27,877 shares of the company’s stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $30.29, for a total transaction of $844,394.33. The disclosure for this sale can be found here. In the last quarter, insiders sold 477,486 shares of company stock valued at $14,707,920. 7.00% of the stock is owned by insiders.
Institutional investors have recently made changes to their positions in the business. Teachers Advisors LLC raised its position in Diodes by 6.3% during the 2nd quarter. Teachers Advisors LLC now owns 68,337 shares of the semiconductor company’s stock worth $1,642,000 after buying an additional 4,030 shares during the last quarter. Prudential Financial Inc. raised its position in Diodes by 30.8% during the 3rd quarter. Prudential Financial Inc. now owns 203,186 shares of the semiconductor company’s stock worth $6,081,000 after buying an additional 47,840 shares during the last quarter. Northern Trust Corp raised its position in Diodes by 2.9% during the 2nd quarter. Northern Trust Corp now owns 777,284 shares of the semiconductor company’s stock worth $18,679,000 after buying an additional 21,697 shares during the last quarter. AJO LP purchased a new position in Diodes during the 2nd quarter worth $1,044,000. Finally, Russell Investments Group Ltd. raised its position in Diodes by 75.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 61,043 shares of the semiconductor company’s stock worth $1,467,000 after buying an additional 26,306 shares during the last quarter. Institutional investors own 74.70% of the company’s stock.
Diodes Company Profile
Diodes Incorporated is a manufacturer and supplier of application-specific standard products within the discrete, logic, analog and mixed-signal semiconductor markets, serving the consumer electronics, computing, communications, industrial and automotive markets. The Company’s products include diodes; rectifiers; transistors; metal-oxide semiconductor field-effect transistors (MOSFETs); protection devices; amplifiers and comparators; Hall-effect and temperature sensors, and power management devices, including light emitting diode (LED) drivers, alternating current (AC)-direct current (DC) and DC-DC switching, linear voltage regulators and voltage references, along with special function devices, such as universal serial bus (USB) power switches, load switches, voltage supervisors and motor controllers.
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